Insider Selling: Advanced Energy Industries, Inc. (NASDAQ:AEIS) EVP Sells 2,000 Shares of Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) EVP John Donaghey sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the executive vice president directly owned 11,029 shares in the company, valued at $1,544,060. The trade was a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded up $2.53 during trading hours on Thursday, hitting $143.66. 111,903 shares of the company's stock were exchanged, compared to its average volume of 282,546. The company has a market capitalization of $5.41 billion, a PE ratio of 74.08, a PEG ratio of 1.27 and a beta of 1.52. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $144.65. The business's 50 day simple moving average is $122.83 and its 200-day simple moving average is $113.38. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's payout ratio is currently 20.62%.

Institutional Trading of Advanced Energy Industries

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after acquiring an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after acquiring an additional 138,814 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $71,494,000. Norges Bank bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $68,949,000. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $58,393,000. 99.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AEIS shares. KeyCorp reaffirmed an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday, June 25th. Needham & Company LLC cut their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Finally, Citigroup increased their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.89.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.